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Business, 03.12.2021 20:30 ari9425

DM Corporation has provided you with the following budgeted income statement for one of its products: Sales revenue $700,000 Variable costs (430,000) Contribution margin $270,000 Fixed costs (320,000) Operating loss $(50,000) DM has just encountered environmental problems with the product and will be forced to drop the product line altogether. DM will be able to eliminate 70% of the fixed costs. What will be the impact on operating income of the company

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DM Corporation has provided you with the following budgeted income statement for one of its products...
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